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    AI News Releases Aug 16, 2023

    Michael Mignogna Elected 2024 AI Vice President

    Michael J. Acquaro-Mignogna, MAI, SRA, AI-GRS, was elected 2024 Appraisal Institute vice president by its Board of Directors during the Board’s Aug. 10-11 meeting in Schaumburg, Illinois.

    Mignogna’s one-year term as vice president will begin Jan. 1, when he’ll also serve for one year as chair of the Finance Committee. He’ll serve as president-elect in 2025, president in 2026 and immediate past president in 2027.

    He co-founded Mid-Atlantic Valuation Group in 2006 and is co-owner of the company with Gary E. Heiland II, MAI, AI-GRS.

    Mignogna served as the 2013 president of the Philadelphia Metropolitan Chapter of the Appraisal Institute, following previous positions as vice president, treasurer and secretary, and three years on the chapter’s board of directors. He has also served on and chaired Review & Counseling and Experience Review committees in addition to volunteering as a national experience screener and twice participating in the Appraisal Institute’s Leadership Development and Advisory Council conference (LDAC). He served as one of the founding members of the steering committee for the Coalition of Pennsylvania Real Estate Appraisers and has served as the organization’s treasurer since its inception in 2012. The coalition was formed by the Appraisal Institute’s Pennsylvania chapters and other interested appraisal professionals to monitor and weigh in on relevant legislative actions at the state level that affect the valuation community and the public.

    In 2016, Mignogna received the Felice A. Rocca Jr. Award and in 2017 the Harrison-Winder Award, both presented by AI’s Philadelphia Metropolitan Chapter. The Rocca award was created to honor a distinguished chapter member with “a high sense of ethical behavior on a personal and professional level” and is presented to recipients “who exhibit these qualities.” The Harrison-Winder Memorial Award is presented in memory of two long-time appraisers “for all their efforts in advancing the appraisal profession.”

    After serving two years as the Metro Philadelphia Chapter’s representative to Region VI, Mignogna was elected by the region to serve as its 2016 third director, moving on to the national Board of Directors from 2017 through 2020 as vice chair then chair of Region VI. While on the Board, he was elected to the Professional Liability Insurance Program Committee, serving as its chair in 2019 and 2020. He was twice elected to two-year terms on the Audit Committee (2020-2023), serving as vice chair in 2021, chair in 2022 and vice chair again in 2023.